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Al Taameer Real Estate Investment publishes MENA hospitality report update for August |
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Monday, 29 August 2011 01:41 |
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Kuwait: Hotel occupancy in Kuwait declined 7.0 percentage points YoY to 49.0% in June 2011. Average Daily Rate (ADR) grew 3.9% YoY to $272.0, while
Revenue per Available Room (RevPAR) dipped 9.2% YoY to $133.0. RevPAR and ADR recorded positive growth during January to June 2011 compared to the previous corresponding period—RevPAR increased 3.9% YoY to $161.0 and ADR 4.0% YoY to $279.0. [AMEInfo.com] Read more:
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